PSY3002
Special topics in Psychology II/PSY6034 Foundations and Frontiers of Economic
Psychology: Introduction
to Economic Psychology
Money and inflation
Basic Reading
-
FA,
chapter 1
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LWF
Chap 3
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LTW
Chap 12.
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Belk, R. (1999). Money. pp 383-388 in ELGAR
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Furnham A.F. & Argyle M. (1998). The Psychology of Money. 332.4019
FUR Intro chaps
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Müller-Peters et al (1998). Explaining attitudes towards the
euro: Design of a cross-national study. Journal of Economic Psychology,
19, 663-680.
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Bruce (1989), Human factors in the design of coins. The Psychologist,
2, 524-527..BJ P150.5
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Bornemann (1976). The psychoanalysis of money, pp. 44-67.
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Belk & Wallendorf (1990). The sacred meanings of money. Journal
of Economic Psychology, 11, 35-67. .......BJ
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Epstein & Babad (1982), Economic stress: notes on the psychology of
inflation. J. Appl. Soc. Psychol., 12, 85-99. .......BJ
Some key topics
1. Psychology of money.
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Crump, T. (1981). The phenomenon of money, Chap. 2
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Doyle, K.). (1992). Towards a psychology of money. American Behavioral
Scientist, 35(6), 705-724 .. and other papers in this special issue.
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Zelizer (1989), The social meaning of money: "Special moneys". Amer.
J. Sociol., 95, 342-377. ........P305 A80
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Furnham (1984), Many sides of the coin: The psychology of money usage.
Pers.
Indiv. Diffs, 5, 501-509.
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Routh & Burgoyne (1998). Being in two minds about a single currency:
A UK perspective on the euro Journal of Economic Psychology, 19,
741-754. [and other papers from the same issue] Box
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Burgoyne, C. B., Routh, D. A. & Ellis, A. J. The Transition to
the Euro: Some Perspectives from Economic Psychology. Journal
of Consumer Policy Box
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Snelders et al (1992), The polymorphous concept of money. Journal of
Economic Psychology, 13 71-92. .......BJ
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Lea & Midgley (1989). La biologie de la monnaie .......Box
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Lea & Webley (in preparation). Money as tool, money as drug:
The biological psychology of a strong incentive. Draft copy available
on the web at http://www.exeter.ac.uk/Psychology/campus_only/segl/tooldrug.html
2. Money pathology
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Hanley et al (1992), Compulsive buying and money attitudes. Journal
of Economic Psychology, 13 5-18 .......BJ
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Bornemann (see BASIC; select some readings).
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Yamauchi & Templer (1982), The development of a money attitude scale.
J.
Pers. Assessment, 46, 522-528 Box
-
Routh & Burgoyne (1989). Absentmindedness with money. 14th
IAREP conference proceedings, Vol 2. .......PW/330.019INT
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Guillet de Monthoux (1991). Monetarization and organization: a study
of imaginary money for adults. 16th IAREP conference. 330.019INT
-
Lane
Chap 6.
3. Cash and the alternatives.
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Money
- past, present and future This is a web page on money maintained
by the University of Exeter's science librarian. It has some excellent
links - we particularly recommend those to e-money and 'local and
interest-free currencies' (LETS systems). Worth spending some time browsing
through.
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Payne & Morgan (1981). UK currency needs in the 1980s. .......TRC
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Cane & Dixon (1987). Smart cards. Financial Times (Survey),
Fri Nov 27. ........P070 F73 microfilm
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Bruce et al (1983), Factors affecting the perceived values of coins. Journal
of Economic Psychology, 4, 335-347. .......BJ
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Douglas (1967), Primitive rationing. In R. Firth (ed.), Themes
in economic anthropology
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Burgoyne, Lewis, Routh & Webley (1991). Customer reactions to Automated
Teller machines. In Lea, Webley and Young (Eds), New directions in economic
psychology.
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Frazer, P. (1985). Plastic and electronic money, chaps 1,
15 (any of 2-8 also useful). .......332.76
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Boustead et al (1992). The perceived value of a new coin. J.
Soc Psychol 132 143-144. .......BJ
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Meier, D (1999). The acceptability of money as repayment among friends
and neighbours in Local Exchange and Trading Systems. Paper presented at
the XXIV IAREP conference .... Box
4. Inflation
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Sloman, Economics (3rd edition), chapter 13, 15, 21
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Waerneryd & Wahlund (1985), Inflationary expectations. In H.
Brandstaetter & E. Kirchler (Eds.) Economic psychology, pp.
327-336.
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Webley & Spears (1986), Economic preferences and inflationary expectations.
Journal
of Economic Psychology, 7, 359-369, and other papers in this special
issue on inflation.
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Kemp (1991), Remembering and dating past prices. Journal of Economic
Psychology, 12, 431-445
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Crump, T. (1981). The phenomenon of money, Chap. 17.
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Gilbert (1981), A sociological model of inflation. Sociology,
15, 185-209. .......BJ
Questions for discussion
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Do we need a psychology of money?
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What are the psychological implications of the "cashless society"?
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What does economic psychology add to our understanding of inflation?
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What steps would you recommend in order to get the ecu accepted as a currency
for day-to-day use?
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What are the main economic psychological issues involved in LETS systems?
Stephen Lea, Paul
Webley
University of Exeter
School of Psychology
Washington Singer Laboratories
Exeter EX4 4QG
United Kingdom
Tel +44 1392 264626
Fax +44 1392 264623
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(access count since 11th November 1998).
Document revised 24th November 1999